Assume the United States has the following import/export volumes and prices. It undertakes a major devaluation of the dollar by 18% against all major trading partners currencies. What is the pre devaluation and post devaluation trade balance? Assumptions values Initial spot exchange rate $/FC 2.00 Price of export, dollars ($) 20,000 Price of imports, foreign currency (FC) 12,000 Quantity of exports, Units 100 Quantity of imports, units 120 Percentage devaluation of the dollar 18% Price elasticity of demand, imports (0.90)